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Author: Jeff Pietsch

08.26.09 – AM Strength PM Weakness

Third day in a row. Cumulative Tick, Down Volume and the AD line all suggest a lower close as price pauses beneath the VWAP. On the other hand, certainly no one is running for the exits like the days of yore. Just need to watch...

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08.24.09 – Day Five

We saw some Friday momentum carryover this morning on the overseas lift. However, internals appeared to have peaked about two hours into the session. Meanwhile, price is sitting at its volume weighted average, which as been more...

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ETF Rewind – Week 34 (08/21/09)

(Click Image to Enlarge/ Glossary)After a rough start to the week on Asian market weakness, US equities shook off declines for another heady week of gains, with the S&P 500 (SPY) ending higher by another +2.2% for fresh 2009...

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08.21.09 – Big OPEX Move

Having severe internet difficulties since mid-morning. Today feels like July 15 all over again. Will see if this posts, then add more.Update — Well, post went up, but still having trouble with TS — so I’m...

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08.20.09 – Third Plus Day

Interesting day, not really surprised to see more follow-through, but this does make us a little over-stretched even going into OPEX, and just under the recent roll over highs downward trend-line. However, that’s on the...

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08.19.09 – Gap Plus+

The markets immediately recovered from the opening gap, making SPX 980 a clear line in the sand and important future level to watch. It would appear that the shorts then covered hard on this low volume day, pushing price all the...

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08.18.09 – Minor Recovery Attempt

The market is making a minor recovery attempt against yesterday’s highly oversold readings. Internals are well aligned to the upside and all of our sentiment ratios are firing green. This price action brings the SPY right...

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